SB 166 Requires title agencies and title agents to maintain a physical place of business in Missouri as a condition of licensure
Sponsor: Goodman
LR Number: 0280S.03P Fiscal Note: 0280-03P.ORG
Committee: Small Business, Insurance and Industry
Last Action: 4/11/2011 - Hearing Conducted H Insurance Policy Committee Journal Page:
Title: SCS SB 166 Calendar Position:
Effective Date: August 28, 2011

Full Bill Text | All Actions | Available Summaries | Senate Home Page | List of 2011 Senate Bills

Current Bill Summary


SCS/SB 166 - This act imposes additional requirements for obtaining and maintaining a title insurance license. Under current law, it is unlawful for a title agencies or title agents to transact title insurance business unless they are licensed under Missouri law. As a condition of licensing, this act requires title agencies and title agents to maintain a physical place of business within Missouri substantially devoted to the conduct of the title insurance business, or in the case of title agents, be employed by title insurers licensed in Missouri.

STEPHEN WITTE